JPMorganChase CEO Jamie Dimon said during a Wednesday town hall he didn’t care how many employees signed a petition to bring back hybrid work. The company in mid-January announced a 100% return-to-office mandate, which angered many employees, who argue the move “disproportionately” pushed out women, caregivers, senior employees, and employees with disabilities.
I’ve had it with this stuff,” Dimon said during the town hall, according to Barron’s. “I’ve been working seven days a goddamn week since COVID, and I come in, and—where is everybody else?
Let me make sure I understand this. You’re the chief executive of the world’s largest bank. You have vast resources and an army of other executives at your disposal. What exactly is so urgent that you have to work 7 days a week and why is that anyone else’s problem?
Wall Street treats Jamie Dimon like he’s some sort of guru but it sounds to me like he’s an fucking idiot whiney baby who doesn’t manage his time wisely or recognize that he got to where he is on the backs of his employees.
WatDabney@lemmy.dbzer0.com 1 week ago
I think this is only partly about the need to keep the value of commercial real estate inflated.
I think there’s a more fundamental psychological motivation.
The illusion that the C-suite actually contributes value sufficient to arguably justify their obscene salaries depends in large part on them sitting in offices at the top of a building full of workers.
If the building is not full of workers, that threatens the illusion.
vividspecter@lemm.ee 1 week ago
Also, people with power often like to harm people that are less fortunate because they believe they deserve it: “If they were good people, they wouldn’t need to work for a living, because they’d be rich. Since they’re not rich, they must be bad people.”
ivanafterall@lemmy.world 1 week ago
I was legitimately shocked at the cartoonishly villainous shit I heard in my brief time at an investment firm. I swear to God this is a verbatim quote from a middle-aged, white, millionaire, Mormon investment adviser:
“There’s no excuse for any American not to be a millionaire, if they’d just stop buying their cigarettes and their dope for a few weeks.”
Hand to God. It’s so absurd that it sounds like a, “That man’s name was Albert Einstein. And then they all clapped.”-type story, but that place was fucking wild.
Stern@lemmy.world 1 week ago
He needs to feel like a big man with a big pp. The way you do that is when someone is setting up an appointment for you and says “Is 3 o’clock okay?” You say, “No, I have a meeting.” That shows them that you are a big man with big important business meetings to attend with your fancy briefcase. You can’t take your fancy briefcase to your big important business meeting on zoom. Well, you can, but it loses the luster. And thus we have why so many CEO’s want RTO.
Conversely, the middle management wants it because they don’t want to be exposed as useless.
Flocklesscrow@lemm.ee 1 week ago
100%
A ton of petty, high school bully bullshit.
WhatYouNeed@lemmy.world 1 week ago
fElon has proved CEO’s aren’t needed to run a company.